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Fort Knox Full of Chocolate - Secretary Geithner in the Hot Seat

By Market News at August 22, 2011 02:22
Filed Under: Debt Ceiling

---- WASHINGTON, D.C. ----

Until today nobody doubted the U.S. Bullion Depository at Fort Knox, Kentucky held more than 5,000 tons of gold.

Fort Knox Gold

But this morning, Treasury Secretary Timothy Geithner admitted the Depository is just full of chocolate bars.

geithner gold

"There wasn't going to be a 'right' time to announce this" confessed the Secretary. "We hoped chocolate would be a reserve currency before we had to."

Fortunately, the Federal Reserve Bank of New York holds an even larger stockpile of gold weighing almost 8,000 tons, much of it held in trust for foreign nations.

That Bank's president William Dudley assured world governments "The Nestle Crunch is yours, right France?"

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Tags: fort knox, gold, gold bullion, gold reserves, treasury gold, gold in the treasury, united states gold, chocolate gold, gold chocolate

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